World Economy

Canada Reserves Down

 Canada Reserves Down Canada Reserves Down

Canada’s official international reserves fell $874 million in June, the federal Finance Department reported, Dow Jones reported. At June 30, the reserves of foreign currencies, gold and other monetary assets totaled $76.395 billion, down from $77.269 billion a month earlier. All reserve figures are reported in US funds. The government reported no official intervention in the foreign-currency market in June. There were no sales of gold settled in June, leaving month-end gold holdings at 95,895 ounces. The finance department reported that the amount of Canada bills outstanding increased by $722.7 million to $3.012 billion at June 30. Canada bills are short-term securities sold on the US money market.